Helping Financial Institutions Help Small Business: Economic Response Plan

In these unprecedented times, there has been a major impact on small businesses as the market landscape changes daily.
The Canadian government has come forward with the COVID-19 Economic Response Plan with multiple provisions to disburse $130 billion in loans to small and medium-size enterprises. This amount will assist the small businesses to meet their operational cash flow requirements and create a safety net.

How Capgemini can assist?

Capgemini in collaboration with leading technology partners, has a proven cloud-based solution that enables banks and lenders to rapidly process loans via quick and seamless integration with back-end systems.

With the Economic Response Plan already in effect, our solution can be deployed within four business days enabling banks and other financial firms to be immediately ready to handle the influx of applications. The solution’s components include AI- and RPA-fueled cognitive document processing, a robust framework for Intelligent reporting, secured analytics for fraud detection, and dedicated operations teams.

The solution addresses the Day 1 need to receive applications no matter what core banking or lending system you have.

We at Capgemini are here to assist you with your business challenges during this unique time.